- Pending home sales remained steady in April, after dropping in March. Sales were down 20% from last year due to the lack of inventory.
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- Builders are attempting to abate the shortage. April new home sales jumped 4.1% for the month and 11.8% for the year to a 13-month high.
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- Purchase mortgage applications were down 4% for the week and 30% year over year due to rate increases. Refi apps also fell.
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